VANCOUVER, BC, June 10, 2020, Loop Insights Inc. (TSX.V: MTRX) (the “Company” or “Loop”)—provider of transformative artificial intelligence (AI) solutions—announced the launch of its automated contact tracing platform. This service supports the current Covid-19 government mandate that requires business owners to collect and store customer contact information for a thirty day period.
The Company’s recent appointment into the AWS Partner Network instills confidence in its prospective clients as Amazon Web Services is the global leader of PPI (Protected Personal Information) Data storage. Loop’s solution ensures 100% accurate data collection via its proprietary IoT (Internet of Things) device, Fobi, and offers AI and predictive modeling. Reactionary time is vital for the management of Covid-19 outbreaks; Loop’s forecasting capabilities, as well as real-time automated alerts, ensure a true safeguard for the public.
Loop Insights CEO Rob Anson: “Technology has no value unless it solves a fundamental issue. Covid-19 has created a major global health and economic problem. The demand and need for a secure and automated solution has never been greater. This clearly isn’t the time to radically innovate, it is the time to instill confidence through a proven, trusted solution.”
Loop’s solution eliminates the risks and liability associated with PPI Data storage. The current process is dependent on manual data collection by the business’ staff, which can lead to inaccurate reporting and compliant resistance from customers. The need and demand for a turnkey tracing solution is incredibly high, and is evident through global interest in Loop’s platform. Loop is in active conversations within Canada, as well as in Australia and New Zealand, to potentially replace various industries’ current ad hoc solutions.
About Loop Insights: is a Vancouver-based technology company that provides transformative artificial intelligence (AI) solutions to level the playing field between brick and mortar retailers and their online competition. Particularly, Loop’s technology aggregates online and on-premise data to enable real-time, data-driven marketing decisions for an enhanced customer experience. To close the consumer loop, the Company provides retailers and brands complete, real-time redemption metrics—something that does not exist in the brick and mortar environment today. Loop’s products integrate with clients’ existing legacy systems, which supports a seamless and convenient digital transformation.
For more information, please contact:
Loop Insights Inc.
CHF Capital Markets
Cathy Hume, CEO
T: 416-868-1079 x 231
This news release contains certain statements which constitute forward looking statements or information, including statements regarding Loop’s business and technology; the ability of Loop to engage with industry participants to achieve its goals; the development of Loop’s technology; and the viability of Loop’s business model. Such forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond Loop’s control, including the impact of general economic conditions, industry conditions, competition from other industry participants, stock market volatility and the ability to access sufficient capital from internal and external sources. Although Loop believes that the expectations in its forward-looking statements are reasonable, they are based on factors and assumptions concerning future events which may prove to be inaccurate. Those factors and assumptions are based upon currently available information. Such forward-looking statements are subject to known and unknown risks, uncertainties and other factors that could influence actual results or events and cause actual results or events to differ materially from those stated, anticipated or implied in the forward-looking statements. As such, readers are cautioned not to place undue reliance on the forward-looking statements, as no assurance can be provided as to future results, levels of activity or achievements. The forward-looking statements contained in this news release are made as of the date of this news release and, except as required by applicable law, Loop does not undertake any obligation to publicly update or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking statements contained in this document are expressly qualified by this cautionary statement. Trading in the securities of Loop should be considered highly speculative. There can be no assurance that Loop will be able to achieve all or any of its proposed objectives.
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